Pan Africanism : Iranian Companies Are Taking Over Mogadishu Port

AFRICANGLOBE – As the UN, US, EU sanctions continue to bite the Iranian government; its subsidiary companies are now playing the smart role to explore in new business opportunities in Africa. These companies are mainly operating in the Middle East.
Recently, Simatech Shipping LLC, which operates feeder services between Dubai and Bandar Abas port, has entered a contract agreement with Mogadishu Port Authority. They operate under the name of Mogadishu Port Container Terminal (MPCT).http://www.africanglobe.net/business/iranian-companies-mogadishu-port/